Baillie Gifford & Co. Sells 141,114 Shares of Zillow Group Inc (ZG)

Baillie Gifford & Co. cut its holdings in Zillow Group Inc (NASDAQ:ZG) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,106,957 shares of the technology company’s stock after selling 141,114 shares during the period. Baillie Gifford & Co. owned about 0.54% of Zillow Group worth $34,792,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc lifted its holdings in Zillow Group by 9.5% in the 3rd quarter. Vanguard Group Inc now owns 5,344,679 shares of the technology company’s stock valued at $236,235,000 after purchasing an additional 463,466 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Zillow Group by 206.5% in the 3rd quarter. Vanguard Group Inc. now owns 14,959,121 shares of the technology company’s stock valued at $661,673,000 after purchasing an additional 10,077,908 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Zillow Group in the 3rd quarter valued at about $8,703,000. BlackRock Inc. lifted its holdings in Zillow Group by 6.8% in the 3rd quarter. BlackRock Inc. now owns 2,239,289 shares of the technology company’s stock valued at $98,977,000 after purchasing an additional 142,737 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its holdings in Zillow Group by 165.8% in the 3rd quarter. Vident Investment Advisory LLC now owns 24,372 shares of the technology company’s stock valued at $1,077,000 after purchasing an additional 15,202 shares in the last quarter. Institutional investors and hedge funds own 24.82% of the company’s stock.

ZG opened at $37.61 on Friday. The company has a market cap of $7.97 billion, a P/E ratio of -144.65 and a beta of 1.29. Zillow Group Inc has a 1 year low of $26.20 and a 1 year high of $65.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.58 and a quick ratio of 6.02.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Thursday, February 21st. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.02. The firm had revenue of $365.34 million during the quarter, compared to the consensus estimate of $349.46 million. Zillow Group had a negative net margin of 8.99% and a negative return on equity of 1.63%. On average, analysts expect that Zillow Group Inc will post -1.4 earnings per share for the current year.

ZG has been the topic of several recent analyst reports. Zacks Investment Research reiterated a “hold” rating on shares of Zillow Group in a report on Saturday, November 17th. Standpoint Research initiated coverage on shares of Zillow Group in a report on Monday, November 26th. They set a “buy” rating on the stock. Craig Hallum upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Thursday, November 29th. Needham & Company LLC initiated coverage on shares of Zillow Group in a report on Tuesday, January 8th. They set a “hold” rating on the stock. Finally, Bank of America lowered shares of Zillow Group from a “neutral” rating to an “underperform” rating in a report on Friday, February 22nd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Zillow Group has a consensus rating of “Hold” and an average price target of $44.38.

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About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Read More: Buy-Side Analysts

Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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